Global and China Lithium Carbonate Industry Report, 2017-2020
Global lithium carbonate output was 244.2 kilotons in 2016, and will increase rapidly as new NEV capacity is fully released. Meanwhile, thanks to rapid development of the NEV industry, the demand for power batteries also surges. Global lithium carbonate consumption stood at 226 kilotons in 2016, 27% of which went into the battery industry, in contrast to 41% in China’s lithium carbonate consumption mix.
Domestic output of lithium extracted from salt lake brine is 28 kt/a with production facilities not operating at full capacity, and new capacity will be approximately 65 kt/a. China’s production of lithium extracted from ores is 55.2 kt/a, compared with designed one of 67.5 kt/a. The reason for a high output of lithium extracted from ores is that adequate supply of lithium ores from Talison solves the bottleneck of raw material shortage, enabling the release of most small and medium-sized enterprises’ capacity. It is expected new capacity will be roughly 32 kt/a.
Despite capacity expansions by Chinese lithium carbonate producers in recent years, the enterprises concerned run actual capacity far lower than designed one, exacerbated a slower capacity release, resulting in a short supply of lithium carbonate in the Chinese market. In addition, as domestic enterprises mostly import Australian ores as raw materials, capacity may be limited by rising costs of raw materials in the long run. Lithium carbonate output was 54 kilotons and apparent consumption 87 kilotons in China in 2016, indicating a supply gap of up to 33 kilotons. Domestic demand for lithium carbonate will rise at a rate of 20% over the next couple of years, a pace faster than the global average, approximating 167 kilotons in 2020.
Global and China Lithium Carbonate Industry Report, 2017-2020 highlights the followings:
Global and China’s lithium carbonate supply and demand, supply gap, the demand for lithium carbonate from downstream sectors, especially new energy vehicles, energy storage, and consumer electronics;
Global and China’s competitive landscape, including market share of foreign and domestic companies, capacity planning, market pattern, etc.;
China’s lithium carbonate imports and exports, covering import/export value, prices, sources, destinations, etc.;
China’s production costs of lithium carbonate with lithium extracted from ores and from salt lake brine, price trends, etc.;
China’s lithium battery industry, including shipments, technology routes, market pattern, etc.;
Operation, technology, development planning, and output & sales of 8 lithium carbonate players in the United States, Chile, Australia, etc.;
Operation, technology, development planning, and output & sales of 14 Chinese lithium carbonate companies.
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